H.I.G. Capital News
HyperBranch Medical Technology, Inc Licenses OcuSeal Liquid Ocular Bandage to BD Medical-Ophthalmic Systems
Durham, NC - 03/17/2009 - HyperBranch Medical Technology, Inc., announced today the licensing of the Company's OcuSeal Liquid Ocular Bandage to BD Medical Ophthalmic Systems. OcuSeal is a fully synthetic ocular bandage designed as a temporary protective barrier to provide comfort for post-surgical, post-traumatic, and non-traumatic ocular conditions. BD Medical Ophthalmic Systems has acquired the worldwide rights and will begin immediately to commercialize the product in international markets and will also proceed with USFDA approvals to sell OcuSeal in the United States.
HyperBranch has been marketing and selling the OcuSeal Liquid Ocular Bandage since receiving CE Mark in December 2007 through independent distributors. The product is designed to help decrease surgery time, reduce the need for sutures and reduce complications typically associated with surgical incisions, including infection and patient discomfort. It is intended for direct application on corneal, conjunctival, and scleral surfaces.
John Conn President and CEO of HyperBranch said " OcuSeal is a significant improvement for a variety of ophthalmic procedures and BD is an excellent partner to offer this technology to a wider market. The transaction with an industry leader like BD further validates our platform technology and in a very sensitive field of use."
HyperBranch Medical Technology, a privately-held company based in Durham, N.C., is developing innovative medical devices for the ophthalmology, general, and specialty surgery markets. The company is focused on the development of unique products based on its novel hydrogel technology. Development work on HyperBranch's surgical sealant platform has led to the recognition of several novel hydrogel properties that suggest significant utility in a variety of additional clinical applications. The Company has applied for other product approvals in dural closure for brain and spine surgery and for the fixation of mesh during hernia repair. The company also plans to introduce products into cardiovascular and MIS surgery.
For more information visit www.hyperbranch.com or contact the Company directly at 919-433-3325